Foreclosure · Short Sales
Dedicated Short Sale Attorneys in Miami
When you owe more than the home is worth, a short sale can settle the debt and let you move on. The negotiation is where our experience pays off.
In the current Florida housing market, many people hear the term "short sale" or look at these properties when buying a home — without fully understanding what one actually is. A short sale occurs when someone owes more on their home than it is worth (commonly called being "underwater" on the mortgage) and can no longer maintain the mortgage payments. The bank may agree to accept an amount short of the balance due in exchange for letting the owner sell the home to a new buyer who can afford it.
When a Short Sale Is the Right Move
In certain situations, short sales are a viable solution that can help avoid foreclosure. The bank is willing to accept less than the balance owed in return for releasing the property. It takes an experienced attorney to analyze whether a short sale is in the homeowner's best interest and to steer through the complex procedures successfully — short sale petitions don't just get approved on their own.
We help you explore your options if you can no longer afford the mortgage payments. We can fight foreclosure or stop it through a short sale, based on what will put you on a path to a better emotional and financial future. We listen carefully to your concerns and explain all your options fully, so you can make an informed decision.
What a Short Sale Requires
To get a short sale accepted, we help you demonstrate:
- You are no longer able to make the mortgage payments.
- You have a documented hardship — illness in the family, job loss, or other serious situation affecting your finances.
- The current value of the home is substantially less than the balance owed.
- The bank or lender agrees to accept a sale price less than what you owe.
- You have a qualified buyer offering to purchase the property.
- The bank or lender accepts that buyer's offer.
Tax Implications and Deficiency Balances
Short sales have tax implications and may leave a deficiency balance owed to the lender. We help you understand, negotiate, and handle these issues — including whether filing for bankruptcy alongside the short sale might serve your housing situation better. Personal, detailed service is what helps thousands of people from every walk of life get back on their feet.
Schedule Your Free Evaluation
Contact our office today to schedule an appointment for a free evaluation. We also assist Spanish-speaking clients. We are committed to protecting your privacy — information you share stays between us.
Related Practice Areas
Foreclosure Defense
Every option for stopping foreclosure — short sales, modifications, bankruptcy, litigation.
Mortgage Modifications
If keeping the home is possible, modification is the better path.
Chapter 13 Bankruptcy
Stop foreclosure and reorganize past-due payments into a court-supervised plan.